It’s actually an excellent time to be a prospective college student in the US. As a result of the abrupt contraction in the birth rate after the 08 financial meltdown, incoming cohorts are considerably smaller than their predecessors.
"It doesn’t reflect changes in the objective value of college and is better seen as a broad expression of disapproval"
Would you be open to the idea that college still selects for people aiming at better career outcomes but that it is not providing the services they need for that?
My anecdotal gloss from going to university in the US in the 2010s was that I was surrounded by people aiming to have great careers but even the business school undergrads found the classes less than ideal for giving them the skills they actually needed.
In other words it could be people are dissatisfied because college feels more like a tax to achieve a certain level of employability (due to prestige). Rather than something providing them useful knowledge or skills.
But we had strong GDP growth last quarter so how does that mesh with higher new grad unemployment? Whether or not it is AI, I still think the figure hasn’t been explained very well
Are you trying to prove the old saying about lies, damned lies, and statistics? Using the average cost is meaningless for most people. How about using the median cost instead? I'm not disputing your basic point about college being worthwhile if you select an appropriate major, but it seems a little sleazy when you try to present $2300 per year as a realistic cost for tuition and fees. The average is skewed by $0 tuition for families with low income.
It’s actually an excellent time to be a prospective college student in the US. As a result of the abrupt contraction in the birth rate after the 08 financial meltdown, incoming cohorts are considerably smaller than their predecessors.
"It doesn’t reflect changes in the objective value of college and is better seen as a broad expression of disapproval"
Would you be open to the idea that college still selects for people aiming at better career outcomes but that it is not providing the services they need for that?
My anecdotal gloss from going to university in the US in the 2010s was that I was surrounded by people aiming to have great careers but even the business school undergrads found the classes less than ideal for giving them the skills they actually needed.
In other words it could be people are dissatisfied because college feels more like a tax to achieve a certain level of employability (due to prestige). Rather than something providing them useful knowledge or skills.
But we had strong GDP growth last quarter so how does that mesh with higher new grad unemployment? Whether or not it is AI, I still think the figure hasn’t been explained very well
One of the possible explanations I’ve heard for the strong GDP last quarter is the decrease of imports due to tariffs leading to a boost in GDP
There are other things that signal an economic downturn, but what exactly is not going well right now?
Are you trying to prove the old saying about lies, damned lies, and statistics? Using the average cost is meaningless for most people. How about using the median cost instead? I'm not disputing your basic point about college being worthwhile if you select an appropriate major, but it seems a little sleazy when you try to present $2300 per year as a realistic cost for tuition and fees. The average is skewed by $0 tuition for families with low income.
European Federalists continuing to self-sabotage their true love like teenage boys.
A possible cause for Americans having a decreased perception about the value of college is increased new grad underemployment